Sciarra Paul Cahill sold $418K of JOBY (indirect holdings)

Joby Aviation (JOBY) and Archer Aviation (ACHR) face cash flow pressures and FAA certification delays. Both companies are pursuing defense contracts for early revenue. Joby has a $163M Air Force contract and acquired Resonant Sciences for $500M. Archer has a $142M Air Force contract and a deal with Anduril. Defense revenue is crucial for their financial stability.

Joby Aviation (JOBY) shares fell 49% over six months to $4.65. Blade, a subsidiary, drove Q2 revenue to $38.6M, leading to raised full-year guidance of $115M-$125M. Joby plans to acquire Resonant Sciences for $500M, with Q3 results on November 4 to update cash burn and aircraft progress. Joby reported a $197M adjusted EBITDA loss in Q2.

Joby Aviation aims to be a transportation-as-a-service company with its eVTOL aircraft, making progress with FAA-compliant and autonomous technology. Viking Therapeutics is developing obesity drug VK2735, showing promising weight loss data in trials. Both companies are high-risk, high-reward investments.

Joby Aviation (JOBY) reported a larger-than-expected Q2 loss of $0.25 per share, raising concerns about its financial resources. Barclays downgraded JOBY to 'Underweight', questioning its market potential and production capacity. ASTS, CIFR, and JOBY stocks have fallen 23-62% this year. Retail sentiment remains bullish despite the downturn.

Joby Aviation (JOBY) stock fell 68.4% in the year to October 12, 2026, despite the S&P 500 gaining 20.5%. Key events included a Goldman Sachs Sell rating, broader market adjustments, and a $116.9M damages ruling. Joby's Q2 2026 revenue was $39M, with a net loss of $245M. The company has $2.3B in cash and plans to spend $385M-$415M in the second half of 2026.

Joby Aviation (JOBY) shares dropped 8% to a 52-week low of $5.3, down 65% over the past year. Despite reporting Q2 2026 revenue of $38.6M and a $500M acquisition, investor concerns persist. Analysts have mixed ratings, with targets at $18 (Buy) and Neutral.